Symtek Automation Asia (TPE:6438) is set to redeem its second domestic unsecured convertible corporate bond (SAA II), according to a Wednesday Taiwan Exchange filing.
Over-the-counter trading will end on March 21, and bondholders will be required to convert their bonds into common stock by March 24, or they will be redeemed in cash.
The redemption price is NT$100,000 per bond, with transaction fees deducted, the semiconductor machinery manufacturer said.
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